BP chief says no plans to sell Rosneft stake
BP, the listed UK energy group, has no plans to sell its stake in Rosneft, Russia’s listed, state-controlled oil company, Interfax reported.
BP Chief Executive Bob Dudley was speaking on the sidelines of the World Economic Forum (WEF) in Davos on 23 January.
The company also has no plans to invest in other Russian companies, Dudley said.
The report cited Dudley as saying that BP will never break the sanctions regime, but that does not and will not interfere it from working with Rosneft on certain projects, and Dudley said he will remain on Rosneft's board of directors.
BP owns a 19.75% stake in Rosneft, according to the Russian company's website. Rosneft’s net income for 9M14 amounted to RUB 411bn (USD 6.4bn), according to financial statements posted on the website.